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Update news bond issuance violations
Investors and customers of SCB have been assured that their rights and interests will not be affected by the decision to prosecute Van Thinh Phat Group for "fraudulent appropriation of property" related to the issuance and sale of bonds.
Truong My Lan, founder and chairwoman of Van Thinh Phat Holdings Group Corporation, a Vietnamese diversified investment group, has been prosecuted and detained for allegedly appropriating assets.
After inspecting 21 securities companies and nine issuers since last October, 14 units were found violating bond issuance regulations,